Super Micro Shares Surge 25% on Q3 Results, Outlook Raise

Super Micro Computer's shares surged nearly 25 percent on May 6, 2026, closing at $34.66, after the company reported third-quarter fiscal 2026 results that showed a rebound in gross margins and raised its full-year revenue outlook, despite missing revenue estimates.

The San Jose, California-based server maker, which specializes in high-performance systems for data centers and AI applications, posted net sales of $10.24 billion for the quarter ended March 31, more than doubling from $4.6 billion a year earlier. Adjusted earnings per share reached $0.84, surpassing analyst expectations of $0.62 to $0.63, while net income climbed 343 percent to $483 million from $109 million. Gross margins improved to 9.9 percent from 6.3 percent in the prior quarter, which management attributed to a better customer mix, reduced tariffs and the absence of prior expedite charges.

The revenue shortfall from forecasts around $12.3 billion stemmed from supply constraints and customer site readiness delays, according to company officials. Chief Financial Officer David Weigand noted that revenue rose 123 percent year over year but fell 19 percent sequentially. Executives expect to capture the deferred...